LAS VEGAS--(BUSINESS WIRE)--Station Casinos, Inc. ("Station" or the "Company") today announced the results of its operations for the first quarter ended March 31, 2009.
Results of Operations
The Company's net revenues for the first quarter ending March 31, 2009, were approximately $282.7 million, a decrease of 20% compared to the prior year's first quarter. The Company reported Adjusted EBITDA for the quarter of $98.0 million, a decrease of 28% compared to the prior year's first quarter. For the first quarter, the Company reported a net loss of $33.7 million as compared to a net loss of $70.9 million in the prior year’s first quarter.
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Thursday, May 14, 2009
Rubio's(r) Restaurants, Inc. Reports 2009 First Quarter Results
CARLSBAD, Calif., May 13, 2009 (GLOBE NEWSWIRE) -- Rubio's(r) Restaurants, Inc. (Nasdaq:RUBO) today announced financial results for the 13-week first quarter ended March 29, 2009.
First Quarter Results
Revenues rose 9.9% to $46.3 million from $42.2 million for the 13- week quarter in 2008.
Comparable store sales increased 1.9%, versus a comparable store sales decrease of 3.3% for the same quarter last year. The impact of increased average check more than offset a decline in customer visits.
Net income was $245,000 as compared to a net loss of $(745,000) for the same quarter last year.
Earnings per share was $0.02 per share as compared to a loss per share of $(0.07) for the same quarter last year.
Restaurant operating margins (see definition below) were 15.7% as compared to 13.7% for the same quarter last year. As a percentage of restaurant sales, restaurant labor remained consistent, while cost of sales decreased by 230 basis points and restaurant occupancy and other costs rose by 20 basis points.
Pre-opening expense decreased to $171,000 as compared to $219,000 for the same quarter last year. We opened 5 restaurants by early May of this year as compared to 7 by the same time last year.
General and administrative expenses were $4.1 million in the first quarter of 2009 compared to $4.6 million in the first quarter of 2008. Lower wages and wage-related expense due to our restructuring in Q1 of last year, lower non-cash stock compensation expenses and a reduction in costs associated with cancelled development deals were the primary drivers behind the improvement.
Adjusted EBITDA (see table below) increased 134.8% to $3.2 million from $1.4 million for the same quarter last year, driven by a $1.7 million increase in operating income.
Average unit volumes for the trailing 52 weeks were $1,008,000 as compared to $1,026,000 for the same quarter last year.
(click on link to read more)
First Quarter Results
Revenues rose 9.9% to $46.3 million from $42.2 million for the 13- week quarter in 2008.
Comparable store sales increased 1.9%, versus a comparable store sales decrease of 3.3% for the same quarter last year. The impact of increased average check more than offset a decline in customer visits.
Net income was $245,000 as compared to a net loss of $(745,000) for the same quarter last year.
Earnings per share was $0.02 per share as compared to a loss per share of $(0.07) for the same quarter last year.
Restaurant operating margins (see definition below) were 15.7% as compared to 13.7% for the same quarter last year. As a percentage of restaurant sales, restaurant labor remained consistent, while cost of sales decreased by 230 basis points and restaurant occupancy and other costs rose by 20 basis points.
Pre-opening expense decreased to $171,000 as compared to $219,000 for the same quarter last year. We opened 5 restaurants by early May of this year as compared to 7 by the same time last year.
General and administrative expenses were $4.1 million in the first quarter of 2009 compared to $4.6 million in the first quarter of 2008. Lower wages and wage-related expense due to our restructuring in Q1 of last year, lower non-cash stock compensation expenses and a reduction in costs associated with cancelled development deals were the primary drivers behind the improvement.
Adjusted EBITDA (see table below) increased 134.8% to $3.2 million from $1.4 million for the same quarter last year, driven by a $1.7 million increase in operating income.
Average unit volumes for the trailing 52 weeks were $1,008,000 as compared to $1,026,000 for the same quarter last year.
(click on link to read more)
THE HONGKONG AND SHANGHAI HOTELS, LIMITED
About HSH
Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), The Hongkong
and Shanghai Hotels, Limited is a holding company whose subsidiaries and jointly controlled
entity are engaged in the ownership and management of prestigious hotel, commercial and
residential properties in key destinations in Asia and the USA. The hotel portfolio of the
Group comprises The Peninsula Hong Kong, The Peninsula New York, The Peninsula
Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok,
The Peninsula Beijing, The Peninsula Manila, The Peninsula Shanghai (opening 2009), and
Quail Lodge Resort and Golf Club in Carmel, California. The property portfolio of the Group
includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John’s
Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in
Bangkok, Thailand.
Additional information
http://www.hshgroup.com/uploadedfiles/Investor_Relations/Quarterly_Operating_Statistics/pdf/Quarterly%20Statistics%202009-Q1%20(Eng)_website.pdf
Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), The Hongkong
and Shanghai Hotels, Limited is a holding company whose subsidiaries and jointly controlled
entity are engaged in the ownership and management of prestigious hotel, commercial and
residential properties in key destinations in Asia and the USA. The hotel portfolio of the
Group comprises The Peninsula Hong Kong, The Peninsula New York, The Peninsula
Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok,
The Peninsula Beijing, The Peninsula Manila, The Peninsula Shanghai (opening 2009), and
Quail Lodge Resort and Golf Club in Carmel, California. The property portfolio of the Group
includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John’s
Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in
Bangkok, Thailand.
Additional information
http://www.hshgroup.com/uploadedfiles/Investor_Relations/Quarterly_Operating_Statistics/pdf/Quarterly%20Statistics%202009-Q1%20(Eng)_website.pdf
Jack in the Box Inc. Reports Second Quarter FY 2009 Earnings and Updates FY 2009 Guidance
SAN DIEGO--(BUSINESS WIRE)--May. 13, 2009-- Jack in the Box Inc. (NASDAQ:JACK) today reported earnings from continuing operations of $29.6 million, or 51 cents per diluted share, for the second quarter ended April 12, 2009, compared with earnings from continuing operations of $26.3 million, or 44 cents per diluted share, for the second quarter of fiscal 2008. As previously announced, in September 2008 the company’s board of directors approved plans to sell its Quick Stuff® convenience stores. The results of operations for Quick Stuff are included in discontinued operations in the accompanying consolidated statements of earnings for all periods presented.
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Wednesday, May 13, 2009
Mexican Restaurants, Inc. Announces 2009 First Quarter Operating Results
Houston, Texas (May 11, 2009) For the Company’s 2009 first quarter ended March 29, 2009, the Company reported net income of $179,853 or $0.05 per diluted share, compared with a net income of $75,517 or $0.02 per diluted share for the first quarter of fiscal year 2008. The first quarter ended March 29, 2009 included a net loss from discontinued operations of $93,230 compared with net income from discontinued operations of $77,946 for the first quarter of fiscal year 2008.
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Friends don't let Friends drink Starbucks
Here is a taste test done between Starbucks, McDonalds, and Dunkin Donuts. Where Tim Hortons?
Pizza Inn, Inc. Reports Results for Third Quarter Fiscal Year 2009
THE COLONY, Texas, May 12, 2009 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) today reported net income of $361,000, or $0.05 per share, for the third quarter ended March 29, 2009, versus net income of $898,000, or $0.09 per share, for the third quarter of the prior fiscal year. Highlights for the quarter ended March 29, 2009, included:
* Comparable domestic buffet restaurant sales decreased 0.9%
for the quarter compared to the same period of the prior
fiscal year.
* Total domestic restaurant sales decreased 3.0% for the quarter
compared to the same period of the prior fiscal year.
* Sales for the company owned prototype buffet-style restaurant
located in Denton, TX that opened in October 2008 averaged
$30,000 per week for the quarter.
* Excluding the impact of an income tax expense of $203,000 for
the third quarter compared to an income tax benefit of $216,000
in the same quarter in the prior year, net income per share
would have been flat, or $0.07 in both periods.
* Two new domestic and three franchise international restaurants
opened during the quarter.
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* Comparable domestic buffet restaurant sales decreased 0.9%
for the quarter compared to the same period of the prior
fiscal year.
* Total domestic restaurant sales decreased 3.0% for the quarter
compared to the same period of the prior fiscal year.
* Sales for the company owned prototype buffet-style restaurant
located in Denton, TX that opened in October 2008 averaged
$30,000 per week for the quarter.
* Excluding the impact of an income tax expense of $203,000 for
the third quarter compared to an income tax benefit of $216,000
in the same quarter in the prior year, net income per share
would have been flat, or $0.07 in both periods.
* Two new domestic and three franchise international restaurants
opened during the quarter.
(click on link to read more)
San Diego Resort Owner Seeks Injunction Against Four Seasons for Trespass Following Termination
This is still heating up. As I mentioned a few days a go its actually amazing that we have not seen more of these based on the economy.
